Monday, September 20, 2010

Clearstone I Tops CalPERS Fund Performance

Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Clearstone Venture Partners 1-B, which was raised in 1999, has returned CalPERS so far 154.7 percent. CalPERS has historically been a major limited partner in local venture and private equity funds; other local funds counting CalPERS as and investor include GRP Partners, JMI Equity, and Palomar Ventures. The performance data is through March 31st. It's unclear how a number of successful exits in Clearstone's portfolio since March 31st have impacted its fund I and II results.